Asian shock, Western decline and the rise of national-liberalism: The expert on global inequality analyzes the fractures of modern capitalism in an interview with Le Monde.
Before stepping down, the governor of the Bank of France, in a letter to President Emmanuel Macron, listed France’s shortcomings. Economist Jean Pisani-Ferry welcomes this approach in his column.
The French economy is expected to move at a sluggish pace through 2026, with growth reaching just 0.7% by year’s end instead of the previously anticipated 0.9%.
The European Parliament voted on Tuesday, June 16, to eliminate customs duties on most American imports. Lawmakers secured a few safeguards in case Washington does not honor its commitments.
Capital flight unsettles the Chinese government, which is tightening its grip on the practices of financiers and affluent families in the country, observes Harold Thibault, Le Monde’s Beijing correspondent, in his column.
The United States is the biggest importer of French wines and spirits, according to the French wine export regulator, accounting for 21% of the overall export market last year.
Benoît Cœuré, the president of France’s competition regulator, tells Le Monde he has concerns that reducing the number of telecom operators in France from four to three could increase subscription prices for French consumers.
After the biggest initial public offering in history, shares in Elon Musk’s SpaceX closed 19% higher on their first day of trading. Between his holdings in SpaceX and Tesla, where he is also CEO, Musk is now worth an estimated $1.1 trillion, according to ‘Forbes’.
As the economic climate tightens, the government may come to regret that it had underestimated growth, notes Le Monde’s Béatrice Madeline in her column.
The division of the French telecommunications company’s activities between Bouygues Telecom, Free and Orange could pave the way for mergers across the continent, as telecom operators push for greater profitability.
French Economy : Latest news on Le Monde.fr.·
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